In economics, decisions are necessary because resources are scarce, while wants and needs are practically unlimited.
<h3>What is economic?</h3>
Economics examines how products and services are produced, distributed, and consumed as well as the decisions that people, corporations, communities, and countries make when distributing funds.
There are enormous people who are living in this world and all of them have some kind of need or want them to need to fulfill and also which means that there will be limited resources that will be available to them in the near future also.
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Answer:
The answer is B. included in U.S. GDP because they are produced domestically
Explanation:
Exports are included in the gross domestic product as the production is done locally. Apart from exports, imports are included in the GDP as well.
Answer:
Hale’s total expenses in calculating operating income is $57000
Explanation:
Operating income represents profit realized in carrying out Hale Company primary activities
Only expenses incurred in are considered in calculation of Hale`s Operating Income
<em>Cost of Sales</em>
Cost of goods sold 22200
<em>Administration</em>
Rent expenses for store 18000
Depreciation 8000
<em>Selling and distribution expenses</em>
Advertising 8800
Total Expenses 57000
Answer:
Yes, different societies require different amounts of societal resources. Explanation:
The amounts of societal resources are based on the size or population of the society. The more vast the population the more resources needed. For example, the USA and Russia have a different population count, so that does mean we require different amounts of societal resources.
The given change in Olivia’s work presentation happened because of Filtering
<u>Explanation:
</u>
A communication barrier is something that stops us from accessing and interpreting communications that other people use to communicate their knowledge, thoughts, and ideas.
Filtering is a transmitter that handles information in this way the recipient would be included more favorably. The number of rates in an organization's framework is the main factor in determining of the filtering. Filtering also happens when the recipient of the message enables multiple persons to pass the information before reaching their final destination.
A Few examples of filtering have included a manager who leaves her boss, the vice-president, in the midst of the bad news, with the poor sales statistics from her division.
